Alok  Kumar

Alok Kumar

Gabelli Asset Management Professor of Finance

Research Interests

Behavioral finance; empirical asset pricing; corporate finance; computational economics

Featured Publications


  • Political Contributions and Analyst Behavior (with Danling Jiang and Kelvin Law). Review of Accounting Studies, 21 (1), 37-88.

    Analysts, Macroeconomic News, and the Benefit of In-House Economists (with Artur Hugon and An-Ping Lin). Accounting Review, 91 (2), 513-534.

    Gambling and Comovement (with Jeremy Page and Oliver Spalt). Journal of Financial and Quantitative Analysis, 51 (1), 85-111.

    Political Values, Culture, and Corporate Litigation (with Irena Hutton and Danling Jiang). Management Science, 61 (12), 2905-2925.

    What is in a Name? Mutual Fund Flows When Managers Have Foreign Sounding Names (with Alexandra Niessen-Ruenzi and Oliver Spalt). Review of Financial Studies, 28 (8), 2281-2321.

    Home Away From Home: Economic Relevance and Local Investors (with Gennaro Bernile and Johan Sulaeman). Review of Financial Studies, 28 (7), 2009-2049.

    Weather-Induced Mood, Institutional Investors, and Stock Returns (with William N. Goetzmann, Dasol Kim, and Qin Wang). Review of Financial Studies, 28 (1), 73-111.

    Corporate Policies of Republican Managers (with Irena Hutton and Danling Jiang). Journal of Financial and Quantitative Analysis, 49 (5-6), 1279-1310.

    Deviations From Norms and Informed Trading (with Jeremy Page). Journal of Financial and Quantitative Analysis, 49 (4), 1005-1037.

    Income Hedging and Portfolio Decisions (with Yosef Bonaparte and George Korniotis). Journal of Financial Economics, 113 (2), 300-324.

    Information Acquisition and Confirmation Bias in Virtual Communities: Evidence from Stock Message Boards (with Bin Gu, Prabhudev Konana, JaeHong Park, and Raj Raghunathan). Information Systems Research, 24 (4), 1050-1067.

    State-Level Business Cycles and Local Return Predictability (with George Korniotis). Journal of Finance, 68 (3), 1037-1096.

    Investor Sentiment and Return Comovements: Evidence from Stock Splits and Headquarters Changes (with Jeremy Page and Oliver Spalt). Review of Finance, 17 (3), 921-953.

    Speculative Retail Trading and Asset Prices (with Bing Han). Journal of Financial and Quantitative Analysis, 48 (2), 377-404.

    Political Activism, Information Costs, and Stock Market Participation (with Yosef Bonaparte). Journal of Financial Economics, 107 (3), 760-786.

    Do Portfolio Distortions Reflect Superior Information or Psychological Biases? (with George Korniotis). Journal of Financial and Quantitative Analysis, 48 (1), 1-45. Lead Article.

    Local Investors and Corporate Governance (with Vidhi Chhaochharia and Alexandra Niessen- Ruenzi). Journal of Accounting and Economics, 54 (1), 42-67, 2012.

Teaching and Professional Experience

  • Chief Investment Officer, Coral Gables Asset Management, 2015 - Present
  • Department Chair, Finance, University of Miami School of Business Administration, 2014 - Present
  • Professor, Finance, University of Warwick Business School, 2012 - 2015
  • Gabelli Asset Management Professor, Finance, University of Miami School of Business Administration, 2011 - Present
  • Cesarano Scholar and Professor, Finance, University of Miami School of Business Administration, 2010
  • Associate Professor, Finance, University of Texas at Austin McCombs School of Business, 2010 - 2011
  • Assistant Professor, Finance, University of Texas at Austin McCombs School of Business, 2006 - 2010
  • Assistant Professor, Finance, University of Notre Dame Mendoza College of Business, 2003 - 2006
  • Consultant, Commonfund Securities, 1999 - 2001
  • Principal Consultant, Applications Consulting Group, Oracle Corporation, 1994 - 1998

Specialties

  • Behavioral science
  • Investments
  • Corporate finance

Degrees

  • Ph.D., Economics, Cornell University, 2003
  • Economics, Cornell University, 2003
  • Management, Finance, Yale University, 2001
  • M.E., Engineering Management, Dartmouth College, 1993
  • M.S., Engineering Science, Robotics, Dartmouth College, 1992
  • B.Tech., Mechanical Engineering with honors, Indian Institute of Technology (Kharagpur, India), 1991

Honors and Awards

  • Outstanding Teacher Award, University of Miami School of Business Administration, 2011
  • Faculty Honor Roll for Teaching Excellence, Undergraduate Business Council, University of Texas at Austin, 2009
  • CBA Foundation Research Excellence Award for Assistant Professors, McCombs School of Business, University of Texas at Austin, 2009
  • BSI Gamma Foundation Research Grant, 2006
  • Sage Fellowship, Cornell University, 2001 - 2003
  • Yale University Fellowship, 1998 - 2000
Alok  Kumar

Contact

Back to top